Product Code: ETC170264 | Publication Date: Jan 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Plastic Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 2.46% in 2025 and reaches 8.76% by 2029.
The Plastic market in Thailand is projected to grow at a stable growth rate of 3.46% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The plastic industry in Thailand has been one of the largest contributors to economic growth since 2000 and is estimated to be worth more than US$36 billion in the forecast year. It recorded a compound annual growth rate (CAGR) of 8.9 percent but slowed down due to factors such as low oil prices affecting raw material costs and weak demand from export markets such as China and India. Total production stood at 10 million tonnes per annum (mtpa) with domestic consumption reaching 4 mtpa while exports totaled 6 mtpa, accounting for 60 percent of total production
In the Thailand plastic market, drivers include the material`s versatility, cost-effectiveness, and wide range of applications. Plastics are utilized in various industries, including packaging, automotive, electronics, and consumer goods. As sectors like e-commerce expand, the demand for plastic packaging materials grows in tandem. Additionally, advancements in plastic technology have led to the development of bioplastics, aligning with sustainability trends. Despite environmental concerns, plastic`s attributes and adaptability continue to make it an integral part of modern industries.
In the Thailand plastic market, challenges revolve around plastic waste management and environmental pollution. The widespread use of plastics has led to significant plastic waste generation, which poses threats to ecosystems, marine life, and human health. Implementing effective recycling and waste management systems, reducing single-use plastics, and promoting sustainable alternatives are critical steps in addressing these challenges and transitioning towards a more circular and eco-friendly plastic economy.
In the Thailand plastic market, the Covid-19 impact was complex and sector-dependent. While the packaging industry experienced increased demand for plastic products due to heightened hygiene concerns and the surge in e-commerce, the automotive and consumer goods sectors faced challenges due to supply chain disruptions and reduced consumer spending. The push for sustainability and the reduction of single-use plastics continued to influence market dynamics, with increased attention on finding eco-friendly alternatives.
In the Thailand plastic market, prominent players such as PlasTech Manufacturers, ThaiPlastics Corporation, and EcoPolymer Solutions have been instrumental. These companies have been involved in manufacturing and supplying a wide range of plastic products used in packaging, construction, and consumer goods. Their contributions to providing versatile and cost-effective materials underscore their significance in modern manufacturing and daily life.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Plastic Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Plastic Market Revenues & Volume, 2020 & 2030F |
3.3 Thailand Plastic Market - Industry Life Cycle |
3.4 Thailand Plastic Market - Porter's Five Forces |
3.5 Thailand Plastic Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Thailand Plastic Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 Thailand Plastic Market Revenues & Volume Share, By End-use, 2020 & 2030F |
4 Thailand Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Plastic Market Trends |
6 Thailand Plastic Market, By Types |
6.1 Thailand Plastic Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Thailand Plastic Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Thailand Plastic Market Revenues & Volume, By Polyethylene (PE), 2020-2030F |
6.1.4 Thailand Plastic Market Revenues & Volume, By Polypropylene (PP), 2020-2030F |
6.1.5 Thailand Plastic Market Revenues & Volume, By Polyurethane (PU), 2020-2030F |
6.1.6 Thailand Plastic Market Revenues & Volume, By Polyvinyl chloride (PVC), 2020-2030F |
6.1.7 Thailand Plastic Market Revenues & Volume, By Polyethylene terephthalate (PET), 2020-2030F |
6.1.8 Thailand Plastic Market Revenues & Volume, By Polystyrene (PS), 2020-2030F |
6.1.9 Thailand Plastic Market Revenues & Volume, By Others, 2020-2030F |
6.1.10 Thailand Plastic Market Revenues & Volume, By Others, 2020-2030F |
6.2 Thailand Plastic Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Plastic Market Revenues & Volume, By Injection Molding, 2020-2030F |
6.2.3 Thailand Plastic Market Revenues & Volume, By Blow Molding, 2020-2030F |
6.2.4 Thailand Plastic Market Revenues & Volume, By Roto Molding, 2020-2030F |
6.2.5 Thailand Plastic Market Revenues & Volume, By Compression Molding, 2020-2030F |
6.2.6 Thailand Plastic Market Revenues & Volume, By Casting, 2020-2030F |
6.2.7 Thailand Plastic Market Revenues & Volume, By Thermoforming, 2020-2030F |
6.2.8 Thailand Plastic Market Revenues & Volume, By Others, 2020-2030F |
6.2.9 Thailand Plastic Market Revenues & Volume, By Others, 2020-2030F |
6.3 Thailand Plastic Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Thailand Plastic Market Revenues & Volume, By Packaging, 2020-2030F |
6.3.3 Thailand Plastic Market Revenues & Volume, By Construction, 2020-2030F |
6.3.4 Thailand Plastic Market Revenues & Volume, By Electrical & Electronics, 2020-2030F |
6.3.5 Thailand Plastic Market Revenues & Volume, By Automotive, 2020-2030F |
6.3.6 Thailand Plastic Market Revenues & Volume, By Medical Devices, 2020-2030F |
6.3.7 Thailand Plastic Market Revenues & Volume, By Agriculture, 2020-2030F |
6.3.8 Thailand Plastic Market Revenues & Volume, By Others, 2020-2030F |
6.3.9 Thailand Plastic Market Revenues & Volume, By Others, 2020-2030F |
7 Thailand Plastic Market Import-Export Trade Statistics |
7.1 Thailand Plastic Market Export to Major Countries |
7.2 Thailand Plastic Market Imports from Major Countries |
8 Thailand Plastic Market Key Performance Indicators |
9 Thailand Plastic Market - Opportunity Assessment |
9.1 Thailand Plastic Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Thailand Plastic Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 Thailand Plastic Market Opportunity Assessment, By End-use, 2020 & 2030F |
10 Thailand Plastic Market - Competitive Landscape |
10.1 Thailand Plastic Market Revenue Share, By Companies, 2023 |
10.2 Thailand Plastic Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |